posted May 16, 2008
Unum Group (NYSE: UNM) today announced that it has retired the remaining $175 million of its 5.997% senior notes.
The notes, issued in May 2003 as a component of the company’s Adjustable Conversion-Rate Equity Security Units (“ACES”), represent the outstanding remarketed portion of the original ACES issuance of $575 million.
The company had previously repurchased and retired $400 million of the original issuance at the time of the closing of the remarketing of the ACES on Feb. 15, 2006.
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